Financial Performance and Remediation Update

NEW ZEALAND HOUSING LENDING KEY METRICS New Zealand Housing Lending Total Balances (spot) NZ$bn NEW ZEALAND BANKING Mar 20 Sep 20 Mar 21 Sep 21 Sep 20 Mar 21 Sep 21 Portfolio Drawdowns¹ 44.8 46.0 49.5 52.7 5.1 9.5 8.8 By product - Variable rate 15.2% 14.1% 12.9% 11.3% 15.1% 11.2% 10.0% - Fixed rate 82.6% 84.1% 85.5% 87.3% 84.6% 88.2% 89.7% - Line of credit 2.2% 1.8% 1.6% 1.4% 0.3% 0.6% 0.3% By borrower type Owner Occupied 66.4% 66.0% 64.5% 64.6% 64.5% 60.1% 68.5% - Investor 33.6% 34.0% 35.5% 35.4% 35.5% 39.9% 31.5% By channel - Proprietary 77.9% 76.2% 73.7% 71.6% 68.8% 67.9% 64.7% - Broker 22.1% 23.8% 26.3% 28.4% 31.2% 32.1% 35.3% Low Documentation 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Interest only² 24.4% 25.5% 20.2% 18.9% 28.2% 28.5% 25.4% LVR at origination 66.7% 66.8% 66.0% 65.4% 90+ days past due 0.11% 0.13% 0.14% 0.09% Impaired loans 0.03% 0.02% 0.01% 0.00% Specific Impairment coverage ratio 25.5% 26.3% 20.8% 11.5% Loss rate³ 0.01% 0.00% 0.00% 0.00% (1) Drawdowns is defined as new lending including limit increases and excluding redraws in the previous six month period (2) Excludes line of credit products (3) 12 month rolling Net Write-offs / Spot Drawn Balances 45 45 National Australia Bank

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